Leshi proposed renaming itself “New Le Shi Information & Technology” in September.Its parent company LeEco first ran into financial strife at the end of 2016, suffering from a severe capital crunch which founder Jia Yueting admitted had been caused by an over-aggressive expansion plan.

Leshi proposed renaming itself “New Le Shi Information & Technology” in September.Its parent company LeEco first ran into financial strife at the end of 2016, suffering from a severe capital crunch which founder Jia Yueting admitted had been caused by an over-aggressive expansion plan.